(EQNR) Equinor ASA - Overview
Sector: Energy | Industry: Oil & Gas Integrated | Exchange: NYSE (USA) | Market Cap: 96.704m USD | Total Return: 58.7% in 12m
Avg Turnover: 138M
EPS Trend: -74.2%
Qual. Beats: 0
Rev. Trend: -54.0%
Qual. Beats: -1
Warnings
Below Avwap Earnings
Tailwinds
Idiosyncratic Leader
Equinor ASA (EQNR) is a Norway-based integrated energy company involved in the exploration, production, and marketing of oil and gas. The firm operates across five primary segments, ranging from domestic production on the Norwegian Continental Shelf to international operations in the United States and global markets. In addition to its fossil fuel portfolio, Equinor develops low-carbon solutions and renewable energy infrastructure, specifically focusing on offshore wind, solar power, and green hydrogen.
As an integrated energy provider, Equinor manages the entire value chain, including midstream processing and the logistics of transporting crude oil and natural gas via pipelines and shipping. The company is characterized by its transition toward a diversified energy mix, reflecting a broader trend in the European energy sector to balance traditional hydrocarbon extraction with significant investments in carbon capture and storage technologies. Investors may find it useful to examine ValueRay for further data on Equinors valuation metrics.
The company was established in 1972 as Statoil and rebranded to Equinor in 2018 to signal its strategic shift toward a broader energy portfolio. Headquartered in Stavanger, the firm serves as a critical supplier of natural gas to the European market, utilizing its extensive pipeline network and terminal operations.
- European natural gas prices dictate revenue performance through Norwegian pipeline exports
- Brent crude price volatility impacts upstream earnings from international production portfolios
- Capital expenditure shifts toward offshore wind and low-carbon energy projects
- Norwegian government tax policies and windfall levies affect net income margins
- Production volume growth in US offshore and Brazilian deepwater assets drives cash flow
| Net Income: 5.52b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.01 > 0.02 and ΔFCF/TA -4.05 > 1.0 |
| NWC/Revenue: 8.50% < 20% (prev 17.82%; Δ -9.32% < -1%) |
| CFO/TA 0.11 > 3% & CFO 16.2b > Net Income 5.52b |
| Net Debt (15.9b) to EBITDA (39.4b): 0.40 < 3 |
| Current Ratio: 1.24 > 1.5 & < 3 |
| Outstanding Shares: last quarter (2.50b) vs 12m ago -11.46% < -2% |
| Gross Margin: 34.98% > 18% (prev 0.41%; Δ 3.46k% > 0.5%) |
| Asset Turnover: 74.70% > 50% (prev 77.45%; Δ -2.75% > 0%) |
| Interest Coverage Ratio: 17.68 > 6 (EBITDA TTM 39.4b / Interest Expense TTM 1.55b) |
| A: 0.06 (Total Current Assets 45.9b - Total Current Liabilities 37.0b) / Total Assets 141b |
| B: 0.36 (Retained Earnings 51.0b / Total Assets 141b) |
| C: 0.20 (EBIT TTM 27.4b / Avg Total Assets 140b) |
| D: 0.45 (Book Value of Equity 43.6b / Total Liabilities 97.5b) |
| Altman-Z'' = 3.38 = A |
| DSRI: 1.00 (Receivables 17.9b/18.4b, Revenue 104b/107b) |
| GMI: 1.16 (GM 34.98% / 40.67%) |
| AQI: 1.34 (AQ_t 0.23 / AQ_t-1 0.17) |
| SGI: 0.98 (Revenue 104b / 107b) |
| TATA: -0.08 (NI 5.52b - CFO 16.2b) / TA 141b) |
| Beneish M = -2.77 (Cap -4..+1) = A |
As of May 30, 2026, the stock is trading at USD 35.99 with a total of 3,153,308 shares traded.
Over the past week, the price has changed by -6.93%,
over one month by -9.26%,
over three months by +21.88% and
over the past year by +58.74%.
Equinor ASA has received a consensus analysts rating of 3.60. Therefore, it is recommended to hold EQNR.
- StrongBuy: 1
- Buy: 1
- Hold: 3
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 37.3 | 3.6% |
P/E Trailing = 17.5611
P/E Forward = 9.3545
P/S = 0.9275
P/B = 2.2195
P/EG = 0.986
Revenue TTM = 104b USD
EBIT TTM = 27.4b USD
EBITDA TTM = 39.4b USD
Long Term Debt = 22.2b USD (from longTermDebt, last quarter)
Short Term Debt = 6.92b USD (from shortTermDebt, last quarter)
Debt = 36.0b USD (from shortLongTermDebtTotal, last quarter) + Leases 4.15b
Net Debt = 15.9b USD (calculated: Debt 36.0b - CCE 20.1b)
Enterprise Value = 113b USD (96.7b + Debt 36.0b - CCE 20.1b)
Interest Coverage Ratio = 17.68 (Ebit TTM 27.4b / Interest Expense TTM 1.55b)
EV/FCF = 54.18x (Enterprise Value 113b / FCF TTM 2.08b)
FCF Yield = 1.85% (FCF TTM 2.08b / Enterprise Value 113b)
FCF Margin = 1.99% (FCF TTM 2.08b / Revenue TTM 104b)
Net Margin = 5.30% (Net Income TTM 5.52b / Revenue TTM 104b)
Gross Margin = 34.98% ((Revenue TTM 104b - Cost of Revenue TTM 67.8b) / Revenue TTM)
Gross Margin QoQ = 44.33% (prev 25.15%)
Tobins Q-Ratio = 0.80 (Enterprise Value 113b / Total Assets 141b)
Interest Expense / Debt = 4.30% (Interest Expense 1.55b / Debt 36.0b)
Taxrate = 21.0% (US default 21%)
NOPAT = 21.6b (EBIT 27.4b * (1 - 21.00%))
Current Ratio = 1.24 (Total Current Assets 45.9b / Total Current Liabilities 37.0b)
Debt / Equity = 0.83 (Debt 36.0b / totalStockholderEquity, last quarter 43.6b)
Debt / EBITDA = 0.40 (Net Debt 15.9b / EBITDA 39.4b)
Debt / FCF = 7.66 (Net Debt 15.9b / FCF TTM 2.08b)
Total Stockholder Equity = 41.6b (last 4 quarters mean from totalStockholderEquity)
RoA = 3.96% (Net Income 5.52b / Total Assets 141b)
RoE = 13.27% (Net Income TTM 5.52b / Total Stockholder Equity 41.6b)
RoCE = 42.93% (EBIT 27.4b / Capital Employed (Equity 41.6b + L.T.Debt 22.2b))
RoIC = 19.56% (NOPAT 21.6b / Invested Capital 111b)
WACC = 4.81% (E(96.7b)/V(133b) * Re(5.33%) + D(36.0b)/V(133b) * Rd(4.30%) * (1-Tc(0.21)))
Discount Rate = 5.33% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -89.89 | Cagr: -7.20%
[DCF] Terminal Value 73.10% ; FCFF base≈4.29b ; Y1≈3.76b ; Y5≈3.04b
[DCF] Fair Price = 13.20 (EV 48.8b - Net Debt 15.9b = Equity 32.9b / Shares 2.49b; r=8.35% [WACC [floored]]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: -74.20 | EPS CAGR: -16.48% | SUE: 0.67 | # QB: 0
Revenue Correlation: -54.02 | Revenue CAGR: -3.58% | SUE: -1.27 | # QB: -1
EPS current Quarter (2026-06-30): EPS=1.50 | Chg30d=-8.54% | Revisions=-20% | Analysts=1
EPS next Quarter (2026-09-30): EPS=1.36 | Chg30d=-9.33% | Revisions=-20% | Analysts=1
EPS current Year (2026-12-31): EPS=5.51 | Chg30d=+18.37% | Revisions=-25% | GrowthEPS=+123.0% | GrowthRev=+16.7%
EPS next Year (2027-12-31): EPS=3.95 | Chg30d=+2.83% | Revisions=-11% | GrowthEPS=-28.3% | GrowthRev=-9.2%
[Analyst] Revisions Ratio: -25%